Home

aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.

aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.

Research

  • Research Companies

  • Research Investors

  • Research People

aVenture

  • Feature Requests

  • Careers

  • Report a Problem

  • Blog

Member

Backed by

© aVenture Investment Company, 2024. All rights reserved.

44 Tehama St, San Francisco, CA 94105

Privacy Policy

aVenture Investment Company ("aVenture") is an independent venture capital research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision.

aVenture does not offer investment advisory services and is not registered as an investment adviser. The data provided by aVenture does not constitute recommendations or advice, whether by methodology or a statement written by a staff member of aVenture.

Links to external websites do not imply endorsement or affiliation with aVenture. References or links to providers offering the ability to invest in a primary or secondary transaction in a company are for convenience purposes only. They are not solicitations or offers to buy or sell an investment. Remember that past performance does not guarantee future results, and venture capital and private assets should be a contributory part of a diversified portfolio.

Home

Blog

Figma acquired by Adobe - a silicon valley success story

Figma acquired by Adobe - a silicon valley success story

img

Adobe announced the acquisition of Figma for twenty billion dollars in September 2022, 10 years after it was founded in 2020 by Dylan Field, a dropout from Brown University and Forbes 30 under 30 alumni.


This story is far from an overnight success, Figma made a few pivots in its early days before finding success with a web-based design product. According to Dylan, the Figma story was very messy, the original idea was around drones which didn’t work due to privacy violations. Next, they built a 3-D demo of a ball in a pool of water to showcase real-time graphics in a web browser. This is what eventually become the fundamental technology of Figma - “Photoshop in a browser”. Like many startups, this promising idea lacked focus, so Dylan and the team sat down and decided to zero in on interface design. From there, the rest is history.


2022 has not been friendly to investors, especially those in tech. This acquisition is regarded as a bright spot for some of Figma’s investors. Its top venture capital firms are poised to make over one billion dollars. Figma last raised private capital in 2021 at a $10 billion valuation as the company benefited from the emergence of work-from-home trends where designers were forced to adopt new software tools. Adobe is set to acquire Figma for 20 billion dollars, 50x its ARR multiple.


Some reported reasons Adobe is acquiring Figma

  • Market share. Figma’s explosive growth took away business from Adobe’s design products, ultimately forcing Adobe to decide to continue to lose market share or pay it forward.
  • Build vs buy. Figma has integrated innovative design technology and practices, and its differentiation has led to its popularity. Adobe was faced with a decision to re-build what Figma has or buy it
  • Team. Figma’s team is young, innovative, and ambitious - often older companies value the team almost as highly as the product itself.

Despite being an outlier, this story further deepens the need for outsiders to have access to start-up investments. Find out how you can be a part of the next potential start-up success story on our website.

Investors

Dec 18, 2022

people

Austin Yoshino

Share:

Categories You Might Like

Discover the next great startup opportunity with aVenture research updates.

Related Articles